The Polygon blockchain is the next generation of blockchain technology. It's a distributed ledger that allows for multiple data inputs and outputs per transaction. This gives Polygon the ability to process any type of data in a highly efficient manner. This, in turn, delivers a truly decentralized system that can be used in many different applications, namely financial transactions and data storage.

Polygon

The Ethereum Classic Blockchain is the original Ethereum blockchain and one of the largest and most established blockchain networks in existence. The Ethereum Classic (ETC) cryptocurrency token is a tradable, digital asset that is part of a system that can be used to trade goods, assets, or services.

	Polygon	Ethereum Classic
Created by	Jaynti Kanani, Sandeep Nailwa, Anurag Arjun, and Mihailo Bjelic	Vitalik Buterin
Native token	MATIC	ETC
Consensus algorithm	PoS	PoW
Hashing algorithm	KECCAK-256	KECCAK-256
Supports EVM	Yes	Yes
TPS	7000	15
Block time (secs)	2	13
Layer	2	1
Supports smart contracts	Yes	Yes
Average transaction fee	$0.018	$0.0001
Staking rewards (APR)	4.78%	%

Polygon vs. Ethereum Classic

Overview

Table of Contents

Comparison

Is Polygon faster than Ethereum Classic?

Is Polygon cheaper than Ethereum Classic?